Lamb Weston Holdings, Inc. (NYSE:LW) Shares Acquired by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC boosted its stake in Lamb Weston Holdings, Inc. (NYSE:LW) by 7.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,697 shares of the specialty retailer’s stock after acquiring an additional 832 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Lamb Weston were worth $900,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of LW. WFA Asset Management Corp boosted its stake in Lamb Weston by 248.6% during the 1st quarter. WFA Asset Management Corp now owns 244 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 174 shares during the period. EntryPoint Capital LLC acquired a new position in Lamb Weston in the 1st quarter valued at $28,000. Crewe Advisors LLC lifted its stake in shares of Lamb Weston by 357.5% in the 2nd quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 261 shares during the period. Redmont Wealth Advisors LLC purchased a new stake in shares of Lamb Weston in the first quarter valued at about $32,000. Finally, GAMMA Investing LLC raised its holdings in Lamb Weston by 135.8% during the second quarter. GAMMA Investing LLC now owns 382 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 220 shares in the last quarter. Institutional investors and hedge funds own 89.56% of the company’s stock.

Insider Buying and Selling

In other news, Director William G. Jurgensen acquired 10,000 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was purchased at an average cost of $55.43 per share, with a total value of $554,300.00. Following the completion of the acquisition, the director now directly owns 173,377 shares in the company, valued at $9,610,287.11. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.66% of the company’s stock.

Lamb Weston Trading Down 0.8 %

Shares of LW stock opened at $64.90 on Tuesday. The firm’s 50 day moving average price is $63.19 and its two-hundred day moving average price is $79.21. The company has a quick ratio of 0.59, a current ratio of 1.29 and a debt-to-equity ratio of 1.92. Lamb Weston Holdings, Inc. has a fifty-two week low of $52.99 and a fifty-two week high of $111.88. The stock has a market cap of $9.37 billion, a price-to-earnings ratio of 8.66, a price-to-earnings-growth ratio of 5.96 and a beta of 0.75.

Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Wednesday, July 24th. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.24 by ($0.46). Lamb Weston had a net margin of 11.22% and a return on equity of 44.06%. The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.71 billion. On average, analysts anticipate that Lamb Weston Holdings, Inc. will post 4.54 EPS for the current year.

Lamb Weston Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 2nd were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $1.44 annualized dividend and a yield of 2.22%. Lamb Weston’s dividend payout ratio is presently 19.23%.

Analyst Ratings Changes

A number of research firms have commented on LW. Consumer Edge downgraded Lamb Weston from an “overweight” rating to an “equal weight” rating in a report on Friday, July 26th. JPMorgan Chase & Co. lowered their price objective on shares of Lamb Weston from $108.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, July 25th. Bank of America raised their price objective on shares of Lamb Weston from $66.00 to $68.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 17th. Citigroup upped their target price on shares of Lamb Weston from $72.00 to $75.00 and gave the company a “buy” rating in a report on Monday. Finally, Wells Fargo & Company cut their price target on Lamb Weston from $98.00 to $70.00 and set an “overweight” rating for the company in a report on Friday, July 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Lamb Weston has a consensus rating of “Moderate Buy” and a consensus target price of $80.30.

Lamb Weston Profile

Lamb Weston Holdings, Inc produces, distributes, and markets frozen potato products worldwide. The company operates through four segments: Global, Foodservice, Retail, and Other. It offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.